Kroger stock jumps following Q4 earnings report

Kroger’s stock experienced a surge on Thursday morning, reaching a peak of $54.75 around 11 a.m., marking an 8.44% increase.

This upward movement followed the release of the company’s Q4 earnings report, which surpassed analyst expectations for earnings per share.

In the quarter ending January, Kroger reported earnings of $1.34 on revenue totaling $37.06 billion, significantly exceeding the projected $1.13 per share estimated by analysts.

The year-over-year revenue growth was 6.44%, and Kroger provided a forecast for net earnings per diluted share in the range of $4.30 to $4.50 for fiscal year 2025.

The adjusted earnings for the entire year were $4.76 per share, showcasing an 8% growth in adjusted earnings per share, Supermarket News reported.

READ MORE: https://www.supermarketnews.com/news/kroger-stock-jumps-following-q4-earnings-report

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